ThinkSBA
ThinkSBA is a Nationwide SBA 504 and 7a Loan Brokerage serving small business and entrepreneurs purchasing owner occupied real estate, acquiring a business or franchise or buying out a partner.
Blog posts and podcast episodes organized to make it easy to access all you need to know how to successfully apply for an SBA 504 loan.
SBA Procedural Notice 2023 The SBA has published updates to the Standard Operating Procedures manual replacing SOP 50 10 6 with SOP 50 10 7. These updates will become effective August 1, 2023. There has been much debate when and how lenders will implement these updates. The short answer is we’ll have to wait and …
SBA Loans To Purchase Real Estate Small businesses often struggle to obtain the necessary funding to start, maintain, or grow their operations. One way that the US government supports small businesses is through the Small Business Administration (SBA) loan program. SBA loans provide small business owners with access to affordable and flexible financing options that …
If you’re interested in purchasing a car wash with an SBA loan, here are some steps you can take: Purchasing a car wash with an SBA loan can be a complex process, but it can also provide an opportunity to acquire a profitable and established business. Be sure to work with professionals, such as accountants …
Preparing to apply for a Small Business Administration (SBA) loan can be a lengthy and detailed process, but it is essential to ensure that your application is approved. Here are some steps you can take to prepare for an SBA loan application: By taking these steps, you can prepare a strong application for an SBA …
Residential Care Facilities for the Elderly (RCFE’s) have become the housing model of choice for our senior population and their loved ones due to the fact that many require increased accessibility, social connectivity, and medical support services that living at home simply cannot provide. As the name implies, RCFE’s, also called assisted living facilities, are …
Life insurance is a contract between a policyholder and insurer where the insurer promises to pay the insured’s beneficiary an agreed amount upon their death. The most common application is between heads of household and their dependents. Life insurance is also leveraged by commercial lenders as a risk mitigation tool for loan applicants of privately …
The most frequently asked question I receive by far is how long does the loan application process take to complete from start to finish. The quick answer is 45 – 60 days. The honest answer is it takes as long as necessary to complete all steps in the process. The next logical question is what …
The Million Dollar Question The most frequently asked question I receive by far is how long does the loan application process take to complete from start to finish. The quick answer is 45 – 60 days. The honest answer is it takes as long as necessary to complete all steps in the process. The next …
Seller Discretionary Earnings referred to as SDE equals net profit, which is the sum of annual revenue minus expenses, plus add-backs of seller discretionary spending. SDE directly impacts enterprise value, buyers equity injection, loan amount, seller carry amount, and debt service coverage ratio which ultimately determines whether a loan application is approved or declined. Common …
Are you a business owner or entrepreneur applying for an SBA loan or planning to in the near future? If your answer is yes, then keep listening because this podcast is for you. In this podcast I reveal the science of obtaining SBA loan approval. That’s right, being approved for an SBA loan is a …
Business succession planning is vital to the longevity of any business. This is especially true when a business is owned by two or more individuals, for seldom do business partners share the same retirement and life goals. Therefore, a business is most likely to experience an interruption or even worse, the ceasing of operations altogether, …
Business owners purchasing or refinancing commercial real estate financed by an SBA 504 or 7a loan are required to hire a certified commercial appraiser to prepare a real estate appraisal report which includes the “as is” value of the subject property on the day it’s delivered to the lender. Every loan applicant needs to know …
